Get premium membership and access questions with answers, video lessons as well as revision papers.

Define mortgage

      

Define mortgage

  

Answers


Ruth
This is a loan secured on property. It is repaid in instalments over a period of time typically 25 years. The business will own the property once the final payment has been made. Mortgage is a long term source of finance.
NatalieR answered the question on June 16, 2022 at 10:19


Next: Discuss both internal and external sources of finance
Previous: Briefly outline the roles of participants in Capital Markets in Kenya

View More Financial Management for Non-Financial Managers Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions